Slides
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Presentation of H1 / Q2 2026 results Bergisch Gladbach , 12 August 2026 INDUS
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Agenda Business and Financial Performance H1/Q2 202601 Outlook and Guidance02 03 Update: EMPOWERING MITTELSTAND 04 Appendix Agenda
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Business and Financial Performance H1/Q2 2026 01 Business and Financial PerformanceH1/Q2 2026
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Revenue growth across all three segments Financial highlights H1 2026 Financial highlights H1 2026 H1 2025 H1 2026 836.6 965.2 +15.4% H1 2025 H1 2026 56.1 123.5 +120.1% H1 2025 H1 2026 62.2 28.6 +117.5% H1 2025 H1 2026 +6.1 pp 6.7 12.8 H1 2025 H1 2026 1.13 2.49 +120.4% Revenue (EUR million) Adjusted EBITA* (EUR million) Adjusted EBITA* margin (%) Earnings after taxes (EUR million) Earnings per share (EUR) • Revenue increased 15.4% YoY to 965.2 EUR million • Adjusted EBITA* more than doubled YoY to 123.5 EUR million • Adjusted EBITA* margin: 12.8% (+6.1 pp YoY) • Earnings per share: 2.49 EUR 4* Adjusted EBITA is calculated from operating EBIT plus impairments and PPA amortization, less impairment loss reversals. Definition is applied throughout the presentation.
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German economy proved resilient despite adverse conditions Economic conditions H1/Q2 2026 • German GDP rose in both Q1 (+0.4%) and Q2 (+0.2%) sequentially • Inflationary pressures eased markedly in Q2, with inflation falling from 2.9% in April to 2.3% in June • Production recovered slightly in real terms • Exports rose by 0.9% MoM in April and May, driven by trade with the USA in particular • Manufacturing revenue increased slightly in real terms, up 0.1% in April and expected +1.8% in May • Incoming orders rose again in May (+1.9%), with the eurozone providing the strongest impetus (+11.2%); orders for capital goods increased by 2.2% • Real order backlog was 1.7% higher MoM and 9.5% higher YoY in May 2026 Economic conditions H1/Q2 2026 5Source: German Federal Statistical Office (Destatis)
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Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 461.4523.6441.6402.4 434.2 437.4 +9.7% +20.6% 6 • Revenue increased in all three segments, reaching EUR 965.2 million (+15.4% YoY): − Organic: +13.3%, mainly driven by exceptional tungsten carbide price increases in the Materials Solutions segment − Inorganic: +2.1% attributable to acquisitions of PRO VIDEO, AMIRA in the current reporting period, and KETTLER, ELECTRO TRADING, METFAB, TRIGOSYS and SUNBELT in the same period last year Consolidated revenue H1/Q2 2026 Revenue significantly higher than previous year Consolidated revenue H1/Q2 2026 Revenue (EUR million) 1.9 – 2.1 EUR bn H1 2026 H1 2025 836.6 965.2 +15.4% Latest guidance 2026 2025 1,735.4
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7 • Adj. EBITA up EUR 67.4 million amounting to EUR 123.5 million in H1 2026 • Adj. EBITA margin at 12.8% up 6.1 ppt. YoY • Group EBIT totaled EUR 111.7 million (+EUR 66.3 million) in H1 2026; EBIT margin at 11.6% (vs. 5.4% in H1 2025) Consolidated earnings H1/Q2 2026, adjusted EBITA* Group earnings more than doubled YoY Consolidated earnings H1/Q2 2026, adjusted EBITA Adj. EBITA / adj. EBITA margin (EUR million / %) Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 43.6 81.1 +70.7% 42.5 24.9 31.2 48.1 +159.9% 6.2 9.6 7.2 15.5 11.0 9.4 H1 2026 H1 2025 56.1 123.5 +120.1% 6.7 12.8 Latest guidance 2026 2025 147.8 8.5 11.0 – 13.0% 220 – 260 EUR million
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2024 2025 51.7 61.6 H1 2026 17.8 470.7 Q4 2024 Q1 2025 511.6 502.2 461.5 557.8 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 500.0 627.0 +165.5 Increase in working capital weighing on cash flow Working capital, CAPEX & investments * Investments in property, plant and equipment, intangible assets, and financial investments • Strong increase in working capital, driven by seasonal effects and, in particular, by the sharp increase in tungsten carbide costs • Capex totaled EUR 17.8 million in H1 2026, a YoY decrease of EUR 4.4 million • Cash outflow of EUR 16.6 million for acquisitions in PRO VIDEO and AMIRA Working capital, CAPEX & investments Working Capital (EUR million) CAPEX* (EUR million) M&A cash outflow (EUR million) 2024 2025 29.4 19.0 16.6 H1 2026 8
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9 • Operating cash flow in H1 2026 was below the prior-year level, primarily due to a substantial working capital build-up, resulting in free cash flow of EUR -36.9 million • Positive free cash flow of EUR 37.2 million in Q2 2026, up from EUR 15.7 million in Q2 2025 • Free cash flow guidance for 2026 reaffirmed at at least break-even Free cash flow Free cash flow down in H1 YoY, but positive in Q2 2026 Free cash flow* Q1 2024 Q2 2024 YTD Q3 2024 YTD Q4 2024 YTD Q1 2025 Q2 2025 YTD Q3 2025 YTD Q4 2025 YTD +35.1 +30.7 +63.5 +15.7 +66.6 +65.3 Q1 2026 Q2 2026 YTD +37.2 6.1 41.2 71.9 135.4 -23.6 -7.9 58.7 124.0 -74.1 -36.9 Q3 2026 YTD Q4 2026 YTD * Free cash flow is the sum of operating cash flow and cash flow from investing activities, adjusted for cash outflow for investments in shares of fully consolidated companies
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686.6 705.6 746.3 788.4 761.6 773.1 789.8 +28.2 586.0541.4 Q3 2025 Q1 2025 Q2 2025 635.1 Q4 2024 Q4 2025 544.0 653.3 Q1 2026 Q2 2026 590.7 665.8 +121.8 77.3 83.0 92.2 81.5 74.4 87.1 87.1 Total assets increased, driven by higher working capital Consolidated statement of financial position Consolidated statement of financial position 719.2700.0 Q4 2024 Q3 2025 Q1 2025 Q2 2025 689.2 Q4 2025 730.7 750.2 Q1 2026 Q2 2026 711.7 764.7 38.7 38.8 37.8 37.4 38.4 38.7 37.8 +34.0 Equity / Equity Ratio (EUR million / %) Net Financial Liabilities / Gearing (EUR million / %) Total Financial Liabilities and Cash (EUR million) • Total assets increased by EUR 117.0 million, primarily attributable to higher working capital, partly offset by a reduction of cash and cash equivalents of EUR 93.6 million • Equity increased by EUR 34.0 million to EUR 764.7 million as of H1 2026, including total comprehensive income of EUR 66.4 million and net of dividend payments of EUR 32.4 million • Net financial liabilities increased by EUR 121.8 million, primarily resulting from reduction of cash and cash equivalents 10 145.2 114.9 111.2 202.4 217.6 119.8 124.0 -93.6 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
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Financial strength upholds an investment-grade position Investment-grade key indicators Balance as per end of quarter Net debt / EBITDA (EBITDA rolling 12 month) Investment-grade key indicators 2.52.7 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 < 2.5 2.7 Q1 2026 2.4 2.7 3.0 2.3 Q2 2026 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 38.7 38.8 37.8 37.4 38.4 38.7 37.8 ~40 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 77.3 83.0 92.2 81.5 74.4 87.1 87.1 ~< 80.0 Equity ratio (%) Net debt / equity ratio (%) Net debt/EBITDA improved to 2.3x, due to significantly higher EBITDA (YoY) Equity ratio slightly lower at 37.8%, reflecting higher total assets and the Q2 dividend distribution Net debt/equity ratio remained stable, supported by equity growth 11
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Engineering At a glance • Automation & Assembly Technology • Conveyor Technology • Flow Technology • Machine & Equipment Technology • Measuring, Surveillance & Media Technology • Process Technology Engineering – at a glance 12
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German engineering sector still lacking broad-based upturn Engineering industrial environment • Production fell by 2.6% in real terms between January and April • Mixed picture within the sector, with individual sub-sectors such as machine tools and conveyor technology managing to increase price- adjusted new orders between January and May • Robotics and automation remain under pressure • Capacity utilization remained low overall, while there was still no noticeable uptick in incoming orders • Domestic orders rose by 3% and foreign orders by 13% from March to May, though major orders acted as a one-off effect • Real order backlog in mechanical engineering was up 3.3% MoM at the end of May Engineering industrial environment 13Source: ifo Institute, VDMA
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14 • Revenue increased to EUR 279.6 million (+7.7% YoY) despite the persistently challenging economic environment − Inorganic growth: +4.7% − Organic growth: +3.0% • Q2 revenue of EUR 148.9 million, 9.1% higher YoY, up EUR 18.2 million from Q1 2026 • Engineering segment guidance confirmed − Revenue: moderate increase Engineering revenue H1/Q2 2026 Revenue up despite persistently challenging economic situation Engineering revenue H1/Q2 2026 Revenue (EUR million) moderate increase Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 184.8 148.9130.7123.2 136.5 138.5 +6.1% +9.1% H1 2026 H1 2025 259.7 279.6 +7.7% Latest guidance 2026 2025 583.0
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15 • Adjusted EBITA at EUR 15.6 million (vs. EUR 15.9 million in PY) in H1 2026 due to weaker Q1 2026 • Adjusted EBITA improved QoQ to EUR 10.5 million in Q2 2026, with the adjusted EBITA margin increasing to 7.1% • Engineering segment guidance confirmed − Adj. EBITA: moderate increase − Adj. EBITA margin: 8.5-10.5% Engineering earnings H1/Q2 2026 Sequential improvement in segment earnings Engineering earnings H1/Q2 2026 Adj. EBITA / adj. EBITA margin (EUR million / %) moderate increase 8.5 - 10.5% Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 25.4 +10.5% 10.5-20.3% 5.16.4 9.5 12.4 5.2 3.9 7.0 7.1 9.0 13.7 H1 2026 H1 2025 15.9 15.6 -1.9% 6.1 5.6 Latest guidance 2026 2025 53.7 9,2
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16 • Incoming orders amounted to EUR 340.6 million in H1 2026, up 3.0% YoY • Incoming orders up 10.3% in Q2 YoY, also rose sequentially from Q1 2026 • Order backlog reached a new high of EUR 430.4 million as of June 30, 2026 • Book-to-bill ratio of 1.2 supports order and revenue visibility Engineering order development H1/Q2 2026 Business continues to pick up, order backlog reaches new high Engineering order development H1/Q2 2026 Incoming orders / Book-to-bill ratio (EUR million) / (x) Ratio Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 127.9 +10.3% 176.0 -3.8% 164.6171.1 159.6 208.7 1.4 1.3 1.2 1.2 1.5 0.7 H1 2026 H1 2025 330.7 340.6 +3.0% 1.3 1.2 H1 2026 H1 2025* 341.1 430.4 +26.2% Incoming orders (EUR million) Order backlog (EUR million) * Prior period number adjusted
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Infrastructure At a glance Infrastructure – at a glance • Cable and Building Entries & Infrastructure • Mobile HVAC Systems • Civil Engineering & Concrete • Building Components • Air Conditioning & Ventilation Technology • Construction Chemistry 17
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Construction sector recovery remains subdued Infrastructure industrial environment • Capacity utilization rebounded following a weather-related slump at the start of the year • Real Production in the construction sector rose by 0.9% MoM in May • Real revenue was down 2.6% on a cumulative basis from January to April and 2.1% lower in May • Government's infrastructure package is not yet reflected in order books • Incoming orders were roughly unchanged in April before increasing by 3.3% YoY in May • Higher lending rates and rising material costs continue to hold back investments in house building • Prices for new builds were up 5.0% YoY in May 2026 Engineering industrial environment 18Source: German Federal Statistical Office (Destatis), ifo Institute, German Construction Federation (ZDB)
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19 • H1 Revenue growth 5.7% YoY: − Organic: +3.9% − Inorganic: +1.8% • Organic growth driven by recovery in building systems and increased demand for air-conditioning devices • Inorganic revenue growth from acquisitions of KETTLER, ELECTRO TRADING and TRIGOSYS in the prior year • Infrastructure segment guidance confirmed − Revenue: moderate increase Infrastructure revenue H1/Q2 2026 H1 Revenue up 5.7% YoY; seasonally stronger Q2 Infrastructure revenue H1/Q2 2026 Revenue (EUR million) moderate increase Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 143.7 +6.3% 165.5 +5.1% 143.3136.4 155.7 161.4 H1 2026 H1 2025 292.1 308.8 +5.7% Latest guidance 2026 2025 597.2
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20 • H1 adj. EBITA up 30.2% to EUR 34.5 million • Double-digit adj. EBITA margin in Q2 and H1 2026 driven by sustained demand and improved operational excellence • Infrastructure segment guidance confirmed − Adj. EBITA: strong increase − Adj. EBITA margin: 10.0-12.0% Infrastructure earnings H1/Q2 2026 Q2 adjusted EBITA margin climbs to 12.6% Infrastructure earnings H1/Q2 2026 Adj. EBITA / adj. EBITA margin (EUR million / %) strong increase 10.0 – 12.0% Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 13.3 +26.7% 20.9+36.0% 13.6 10.0 16.5 22.3 7.3 9.5 10.6 12.6 13.8 9.3 H1 2026 H1 2025 26.5 34.5 +30.2% 9.1 11.2 Latest guidance 2026 2025 62.1 10.4
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21 • Incoming orders rose by EUR 66.6 million (+23.4%) to EUR 351.8 million in H1 2026 • Q2 incoming orders up 21.4% YoY and higher QoQ • Order backlog reached EUR 184.1 million as of June 30, 2026, the highest level in two years • Book-to-bill ratio of 1.1 supports revenue conversion Infrastructure order development H1/Q2 2026 Strong order intake with book-to-bill ratio of 1.1 Infrastructure order development H1/Q2 2026 Incoming orders / Book-to-bill ratio (EUR million) / (x) Ratio Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 149.1 +21.4% 178.9 +25.5% 172.9 137.8 147.4 173.8 1.0 1.2 0.9 1.1 1.1 1.0 H1 2026 H1 2025 285.2 351.8 +23.4% 1.0 1.1 H1 2026 H1 2025* 134.5 184.1 +36.9% Incoming orders (EUR million) Order backlog (EUR million) * Prior period number adjusted
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Materials Solutions At a glance Materials Solutions – at a glance • Carbide Tools & Wear-Resistant Solutions • Components & Assembly Solutions • Surface & Enclosure Solutions • Medical & Rehabilitation Solutions • New Materials & Process Technologies 22
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Materials processing industry remains under pressure Materials Solutions industrial environment • Metals sector remained in recession in 2026 • Real Production among German metalworking and electronics firms fell by 2.6% YoY in the first five months • Real revenue was roughly unchanged from the previous year, rising by 0.5% due to the settlement of major orders • Incoming orders grew by 4.4% in real terms between January and May, mainly driven by one-off effect of major orders from the defense sector • Capacity utilization remained weak in the second quarter • Metal production and processing companies remain extremely pessimistic about their current business situation • Sentiment improved slightly since June • Construction equipment segment continued its tentative upturn in 2026, but pace of recovery steadily weakening Engineering industrial environment 23Source: ifo Institute, VDMA, Gesamtmetall
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24 • Revenue grew by 32.4% to EUR 376.6 million in H1 2026, driven predominantly by tungsten carbide price effects, while higher sales volumes also contributed to growth • Revenue and earnings performance in H1 2026 also benefited from contributions across the segment • Materials Solutions segment guidance confirmed − Revenue: strong increase Materials Solutions revenue H1/Q2 2026 Significantly higher revenue Materials Solutions revenue H1/Q2 2026 Revenue (EUR million) Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 132.7 +47.3% 209.0+17.5% 167.5142.5 141.9 137.4 H1 2026 H1 2025 284.4 376.6 +32.4% Latest guidance 2026 2025 554.5 strong increase
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25 • Adj. EBITA rose significantly in Q2 2026, driving adj. EBITA margins above 20% in Q2 and H1 2026 • Maintained delivery capacity, enabling additional high- margin orders, market share gains and a stronger market position • Materials Solutions segment guidance raised − Adj. EBITA: very strong increase (before: strong increase) − Adj. EBITA margin: 15.0-17.0% (before: 8-0-10.0%) Materials Solutions earnings H1/Q2 2026 High margin supported by maintained delivery capacity Materials Solutions earnings H1/Q2 2026 Adj. EBITA / adj. EBITA margin (EUR million / %) Very strong increase 15.0– 17.0% Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 12.5 +446.6% 56.3 +122.0% 28.2 12.7 10.3 16.4 8.9 16.8 7.3 26.9 11.9 9.4 H1 2026 H1 2025 23.1 84.5 +265.8% 8.1 22.4 Latest guidance 2026 2025 51.9 9.4
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26 • Both incoming orders and the order backlog were higher than in any previous quarter, primarily due to price effects • Incoming orders amounted to EUR 411.6 million (+44.2%) in H1 2026 while order backlog rose to EUR 174.6 million (+47.1%) • Book-to-bill ratio of 1.1 supports future revenue conversion Materials Solutions order development H1/Q2 2026 Sequential order growth with book-to-bill ratio of 1.1 Materials Solutions order development H1/Q2 2026 Incoming orders / Book-to-bill ratio (EUR million) / (x) Ratio Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2026 Q3 2025 Q4 2025 Q4 2026 148.3 +60.8% 224.0 +28.3% 187.6 146.2 139.3 145.1 1.0 1.1 1.0 1.1 1.1 1.1 H1 2026 H1 2025 285.5 411.6 +44.2% 1.0 1.1 H1 2026 H1 2025 118.7 174.6 +47.1% Incoming orders (EUR million) Order backlog (EUR million)
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Outlook and Guidance 02 Outlook and Guidance
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Guidance for the Group in EUR million Actual 2025 Guidance – April 30, 2026 Latest guidance – July 29, 2026 INDUS Group Revenue EUR 1.74 billion EUR 1.85 to 2.05 billion EUR 1.90 to 2.10 billion Adjusted EBITA EUR 147.8 million EUR 160 to 190 million EUR 220 to 260 million Adjusted EBITA margin 8.5% 8.0% to 10.0% 11.0% to 13.0% Free Cash Flow EUR 124.0 million At least at break-even At least at break-even Guidance for the Group 28
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Segment guidance in EUR million Actual 2025 Guidance – April 30, 2026 Latest guidance – July 29, 2026 Engineering Revenue EUR 583.0 million Moderate increase Moderate increase Adjusted EBITA EUR 53.7 million Moderate increase Moderate increase Adjusted EBITA margin 9.2% 8.5% to 10.5% 8.5% to 10.5% Infrastructure Revenue EUR 597.2 million Moderate increase Moderate increase Adjusted EBITA EUR 62.1 million Strong increase Strong increase Adjusted EBITA margin 10.4% 10.0% to 12.0% 10.0% to 12.0% Materials Solutions Revenue EUR 554.5 million Strong increase Strong increase Adjusted EBITA EUR 51.9 million Strong increase Very strong increase Adjusted EBITA margin 9.4% 8.0% to 10.0% 15.0% to 17.0% Guidance for the segments 29
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Update EMPOWERING MITTELSTAND 03 Update EMPOWERING MITTELSTAND
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31 EMPOWERING MITTELSTAND EMPOWERING MITTELSTAND Formation of technology fields Innovation, AI and digitalization International growth organically and through M&A Investing around EUR 500m in acquisitions until 2030 ACQUISITIONS INTERNATIO- NALIZATION ENGINEERING COMPETENCE Sound financial structure and sufficient liquidity secured for further growth Free cash flow and additional debt capital with Net debt / EBITDA ~2.5x (no capital increase)
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AMIRA * Accounted as repayment of contingent purchase price liabilities Acquisitions: Active pipeline with more to come Acquisitions: Active pipeline with more to come EMPOWERING MITTELSTAND MBRAUN PRO VIDEO April 2026 Closing May 2026 Initial consolidation June 2026 Acquisition of the remaining 25% stake* June 2026 Acquisition of further 4% stake* January 2026 Closing February 2026 Initial consolidation MESUTRONIC DECKMA
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AURORA, FS-BF and HAUFF-TECHNIK opened joint site to increase production capacity in the US INDUS footprint New/expanded facilities Internationalization: Global expansion in production & sales Internationalization: Global expansion in production & sales EMPOWERING MITTELSTAND The acquisition of AMIRA further strengthened MBRAUN's international presence BETOMAX's UK subsidiary COMAX commenced production in Q2 2026 MIKROP expands Serbian production enabling further profitable growth in the high-precision micro-optics sector Expanded sales activities OFA Japan MIGUA Arabian Peninsula JST Switzer- land and Austria ROLKO USA
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34 Engineering competence: Excellence through holding support EMPOWERING MITTELSTAND Engineering competence: Excellence through holding support Operational Excellence 12 Status checks Support for 6 ERP projects 63 Lean Managers qualified in 7 trainings Support for 9 efficiency projects Market Excellence 6 ongoing development and implementation projects 20 participants to best- practice exchange on Targeting Foreign Markets 1 Sales Leadership seminar with 12 participants Advanced Flow Technologies (AFT) was formed by combining HORNGROUP, GSR & related brands, to further strengthen technology expertise and global reach 6 AI sprints and 3 Innovation sprints 14 ongoing projects with INDUS Innovation Development Bank 3 further portfolio companies engaged with Venture Clienting 2 Proof of Concept projects completed INDUS Innovation Community in-person meeting in June with 21 participants from portfolio companies Innovation, AI and digitalization
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Appendix 04 Appendix
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Appendix Segment and Group overview by quarter Segment and Group overview by quarter - INDUS-Group INDUS Group (in EUR million) Q1 2023 Q2 2023 Q3 2023 Q4 2023 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Q2 2026 Revenue with external third parties 450.8 453.3 459.7 438.6 1,802.4 410.1 429.0 443.1 439.6 1,721.8 402.4 434.2 437.4 461.4 1,735.4 441.6 523.6 EBITDA 66.1 62.0 72.6 57.5 258.1 48.5 59.7 61.3 56.6 226.1 42.5 49.0 66.9 63.2 221.6 61.3 101.4 in % of revenue 14.7 13.7 15.7 13.1 14.3 11.8 13.9 13.8 12.9 13.1 10.6 11.3 15.3 13.7 12.8 13.9 19.4 Depreciation and amortization -21.3 -21.9 -40.5 -24.9 -108.5 -21.8 -22.3 -29.5 -25.8 -99.4 -22.9 -23.2 -23.6 -24.9 -94.6 -25.3 -25.7 of which PPA depreciation/amortization -4.7 -4.9 -5.1 -4.5 -19.2 -4.8 -5.0 -5.2 -5.3 -20.3 -5.3 -5.4 -4.8 -5.3 -20.8 -5.4 -5.4 of which impairments 0.0 0.0 -17.6 -1.7 -19.3 0.0 0.0 -6.7 0.0 -6.7 0.0 0.0 -1.4 0.0 -1.4 -1.1 0.0 of which reversal of impairments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 0.0 1.4 0.0 0.0 Adjusted EBITA 49.5 45.0 54.8 38.8 188.1 31.5 42.4 43.7 36.1 153.7 24.9 31.2 48.1 43.6 147.8 42.5 81.1 in % of revenue 11.0 9.9 11.9 8.9 10.4 7.7 9.9 9.9 8.2 8.9 6.2 7.2 11.0 9.4 8.5 9.6 15.5 EBIT 44.8 40.1 32.1 32.6 149.6 26.7 37.4 31.8 30.8 126.7 19.6 25.8 43.3 38.3 127.0 36.0 75.7 in % of revenue 9.9 8.8 7.0 7.4 8.3 6.5 8.7 7.2 7.0 7.4 4.9 5.9 9.9 8.3 7.3 8.2 14.5 36
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Appendix Segment and Group overview by quarter Segment and Group overview by quarter - Engineering ENGINEERING (in EUR million) Q1 2023 Q2 2023 Q3 2023 Q4 2023 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Q2 2026 Revenue with external third parties 142.1 138.6 153.4 165.5 599.6 129.4 136.7 152.5 178.1 596.7 123.2 136.5 138.5 184.8 583.0 130.7 148.9 EBITDA 23.4 18.4 26.5 26.2 94.5 15.3 14.7 22.2 28.0 80.2 11.8 14.9 19.3 32.1 78.1 11.5 16.2 in % of revenue 16.5 13.3 17.3 15.8 15.8 11.8 10.8 14.6 15.7 13.4 9.6 10.9 13.9 17.4 13.4 8.8 10.9 Depreciation and amortization -7.8 -8.1 -12.7 -8.9 -37.5 -8.0 -8.2 -8.5 -9.8 -34.5 -8.6 -8.6 -8.1 -9.8 -35.1 -9.8 -8.9 of which PPA depreciation/amortization -2.9 -2.9 -2.8 -2.8 -11.4 -2.9 -2.9 -3.1 -3.1 -12.0 -3.2 -3.2 -2.6 -3.1 -12.1 -3.1 -3.2 of which impairments 0.0 0.0 -4.8 -0.3 -5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 -0.0 of which reversal of impairments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 0.0 1.4 0.0 0.0 Adjusted EBITA 18.5 13.2 21.4 20.4 73.5 10.2 9.4 16.8 21.3 57.7 6.4 9.5 12.4 25.4 53.7 5.1 10.5 in % of revenue 13.0 9.5 13.9 12.3 12.3 7.9 6.9 11.0 12.0 9.7 5.2 7.0 9.0 13.7 9.2 3.9 7.1 EBIT 15.6 10.3 13.8 17.3 57.0 7.3 6.5 13.7 18.2 45.7 3.2 6.3 11.2 22.3 43.0 1.7 7.3 in % of revenue 11.0 7.4 9.0 10.5 9.5 5.6 4.8 9.0 10.2 7.6 2.6 4.6 8.1 12.1 7.4 1.3 4.9 37
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Appendix Segment and Group overview by quarter Segment and Group overview by quarter - Infrastructure INFRASTRUCTURE (in EUR million) Q1 2023 Q2 2023 Q3 2023 Q4 2023 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Q2 2026 Revenue with external third parties 141.5 149.8 153.4 137.5 582.2 131.9 144.9 148.4 134.3 559.5 136.4 155.7 161.4 143.7 597.2 143.3 165.5 EBITDA 16.8 20.9 25.8 19.5 83.0 17.9 25.1 26.0 17.0 86.0 15.6 22.2 28.0 19.3 85.1 19.6 26.9 in % of revenue 11.9 14.0 16.8 14.2 14.3 13.6 17.3 17.5 12.7 15.4 11.4 14.3 17.3 13.4 14.2 13.7 16.3 Depreciation and amortization -6.2 -6.5 -14.0 -7.1 -33.7 -6.5 -6.8 -12.2 -8.2 -33.7 -7.2 -7.4 -8.8 -7.9 -31.3 -7.8 -7.8 of which PPA depreciation/amortization -1.2 -1.3 -1.3 -1.2 -5.0 -1.4 -1.5 -1.5 1.7 -6.1 -1.6 -1.7 -1.7 -1.9 -6.9 -1.8 -1.8 of which impairments 0.0 0.0 -7.5 0.0 -7.5 0.0 0.0 -5.2 0.0 -5.2 0.0 0.0 -1.4 0.0 -1.4 0.0 0.0 Adjusted EBITA 11.9 15.7 20.6 13.6 61.8 12.8 19.8 20.5 10.5 63.6 10.0 16.5 22.3 13.3 62.1 13.6 20.9 in % of revenue 8.4 10.5 13.4 9.9 10.6 9.7 13.7 13.8 7.8 11.4 7.3 10.6 13.8 9.3 10.4 9.5 12.6 EBIT 10.7 14.4 11.8 12.4 49.3 11.4 18.3 13.8 8.8 52.3 8.4 14.8 19.2 11.4 53.8 11.8 19.1 in % of revenue 7.6 9.6 7.7 9.0 8.5 8.6 12.6 9.3 6.6 9.3 6.2 9.5 11.9 7.9 9.0 8.2 11.5 38
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Appendix Segment and Group overview by quarter Segment and Group overview by quarter - Materials Solutions MATERIALS SOLUTIONS (in EUR million) Q1 2023 Q2 2023 Q3 2023 Q4 2023 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Q2 2026 Revenue with external third parties 166.8 164.7 152.8 135.6 619.9 148.6 147.2 142.0 127.0 564.8 142.5 141.9 137.4 132.7 554.5 167.5 209.0 EBITDA 27.2 25.1 26.0 15.4 93.7 18.8 23.0 19.0 15.4 76.2 19.0 16.7 22.5 18.5 76.7 34.4 62.4 in % of revenue 16.3 15.2 17.0 11.4 15.1 12.7 15.6 13.4 12.1 13.5 13.3 11.8 16.4 13.9 13.8 20.5 29.9 Depreciation and amortization -7.1 -7.1 -13.5 -8.7 -36.4 -7.0 -7.0 -8.6 -7.5 -30.1 -6.8 -6.9 -6.5 -6.4 -26.6 -7.4 -6.5 of which PPA depreciation/amortization -0.7 -0.7 -0.9 -0.4 -2.7 -0.6 -0.6 -0.6 -0.5 -2.3 -0.5 -0.5 -0.4 -0.4 -1.8 -0.4 -0.4 of which impairments 0.0 0.0 -5.3 -1.4 -6.7 0.0 0.0 -1.5 0.0 -1.5 0.0 0.0 0.0 0.0 0.0 -0.8 0.0 Adjusted EBITA 20.8 18.7 18.7 8.5 66.7 12.4 16.6 12.6 8.3 49.9 12.7 10.3 16.4 12.5 51.9 28.2 56.3 in % of revenue 12.5 11.4 12.2 6.3 10.8 8.3 11.3 8.9 6.5 8.8 8.9 7.3 11.6 9.4 9.4 16.8 26.9 EBIT 20.1 18.0 12.5 6.7 57.3 11.8 16.0 10.5 7.8 46.1 12.2 9.8 16.0 12.1 50.1 27.0 55.9 in % of revenue 12.1 10.9 8.2 4.9 9.2 7.9 10.9 7.4 6.1 8.2 8.6 6.9 11.6 9.1 9.0 16.1 26.7 39
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Anchor shareholders support the company's long-term course Current shareholder structure * The 904,441 shares repurchased by the company are not entitled to vote or receive dividends Shareholder Structure as of July 09, 2026 (%) WKN/ISIN 620010 / EN 000 620 010 8 Foundation / IPO 1989 / 1995 Financial year January 01 to December 31 Share capital EUR 69.9 million Number of shares 25,800,000 no-par value bearer shares Trading centres XETRA, Düsseldorf, Frankfurt (regulated market); Berlin, Hamburg, Hanover, Munich, Stuttgart Market segment / Index Prime Standard / SDAX Designated Sponsors ICF BANK AG, ODDO BHF Current shareholder structure H.J. Selzer et al. Versicherungskammer Bayern Wirtgen Invest Holding VolkswagenStiftung Prof. Dr.-Ing. E.h. Friedhelm Loh Epina Treasury shares* Other shareholders 5,8% 5,4% 3,9% 3,1% 3,1% 2,8% 3,5% 69,4% Protector Forsikring ASA 3,0% 40
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Attractive and sustainable dividend policy Dividend policy 2020 2021 2022 2023 2024 0.80 1.05 0.80 1.20 1.20 2.5% 3.2% 3.6% 5.4% 5.9% 1.30 4.6% 2025 Ø 4.2% EUR Ø 1.06 Dividend in EUR Dividend yield 2020 2021 2022 2023 35.8 54.4 80.8 60.0% 51.9% 38.7% 27.2 79.0% Balance sheet profit* INDUS Holding AG Payout ratio 2025 67.9 47.7% 2024 77.9 38.4% Ø 52.6% Regular participation of shareholders in business success At least 50% of profits retained to strengthen the company Up to 50% of earnings distributed * Balance sheet profit in EUR million 41
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Contact Bianca Yijin Li Investor Relations Officer +49 (0) 2204/40 00-32 Contact investor.relations@indus.de 42
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Disclaimer Disclaimer This presentation was prepared by INDUS Holding AG (herein INDUS) and is intended for information purposes only. It constitutes neither an offer nor a solicitation to buy or sell securities and cannot be deemed a sufficient or suitable basis for making any decision. All information in this presentation has been prepared to the best of our knowledge and understanding. Nevertheless, INDUS does not assume any liability whatsoever relating to the use of this document or its content or in any other connection with this document. Furthermore, INDUS does not assume any responsibility or guarantee for the information or opinions contained therein being accurate, up to date and complete. The reproduction, distribution or copying of this document or parts of this document is not permitted without the written consent of INDUS. This presentation may contain forward-looking statements. These statements are based on the estimates and forecasts of the INDUS Board of Management at the time of publication and the information available to them at the current time. The forward-looking statements are not to be considered a guarantee of future developments and results of INDUS mentioned therein. Rather, these depend on numerous factors. They contain various risks and uncertainties and are based on assumptions that may not prove to be accurate. INDUS does not assume any obligation beyond the legal requirements to update the forward-looking statements contained in this presentation. 43